Wolverine Exploration Announces Extension of the Main Cu Zone and Identification of Trenching and Drilling Locations
July 07 2010 - 9:00AM
Marketwired
Wolverine Exploration Inc. ("Wolverine") (OTCQB: WOLV)(PINK SHEETS:
WOLV) is pleased to announce an update on exploration work during
June and early July on its 90% owned Cache River Property in west
central Labrador.
Work on the Property consisted of prospecting, sampling and
geological reconnaissance on and around electro-magnetic and
radiometric anomalies that were identified during the 2007 airborne
survey. Earlier sampling on rock cuts along the highway had shown
significant values in Cu and Au that warranted further exploration.
To date a total of 94 rock samples have been collected and sent to
a laboratory for ICP-30 elements and Au analysis. Results have been
received which indicates that several areas have elevated levels of
Cu with minor Au, Pb and Zn.
The strongest anomalous area (Sample CR-11;-1.69% Cu) was traced
southwest for over a strike length of 100 meters (328 ft) in
bedrock when excessive overburden prevented further examination of
the zone. This exploration will be continued utilizing an
excavator. The northern center of this anomaly is directly on
strike, 250 meters (820 ft) from the sample site indicating a
possible continuation of the zone to the north. This is scheduled
for the diamond drill as the marshy area is considered unfit for
trenching.
A second anomalous area that is of considerable interest to
Wolverine lies one kilometer to the east (Sample RS-04-02, 2.17% Cu
and 556 ppb Au) could not be traced further than the rock cut due
to overburden thickness. This area is also scheduled for trenching
and drilling.
The western end of the Property, will also receive a more
detailed geological inspection during this phase of the
exploration. The mineralization exposed here is mainly malachite
(copper oxide) and is contained in meta-sedimentary gneiss.
Previous sampling assayed up to 6.4% Cu. The current program
confirmed the high Cu levels and also that Au is present as well.
One sample assayed at 420 ppb Au.
Please refer to the link below to the photo gallery page of
Wolverine's website for photos of the recently completed
prospecting program.
http://www.wolverineexplorationinc.com/index.cfm?page=photogallery
Wolverine has recently signed contracts for both the trenching
and diamond drilling operations on its property. The trenching
contractor, Kakahashu Construction, operates out of nearby Goose
Bay while UltraLite Drilling is based in Ontario. Wolverine will
also be engaging a second experienced geologist to assist in the
detailed geological mapping and channel sampling of the trenches.
Channel sampling consists of cutting a continuous "v" notch
incision across the strike of the zone and sampling in meter long
sections in order to get a more accurate representation of the
mineralization.
Wolverine is also pleased to announce that provincial government
approval for the continuing exploration, including trenching and
drilling, has been received.
In summary, detailed prospecting and sampling will be on going
on all areas of the property while the trenching and diamond
drilling work is in progress. Five, 30 meter trenches and five, 100
meter drill holes have already been identified in the field to
further explore the mineralized zones described above.
Ed Montague a qualified person as defined in NI 43-101 prepared
the scientific and technical information disclosed in this news
release.
On behalf of the Board
Lee Costerd, President
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, statements regarding the 2010
exploration program.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contacts: Wolverine Exploration Inc. Ronald Jones (778) 297-4409
www.wolverineexplorationinc.com
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